AUDUSD: Hawkish Fed Weaken Aussie Dollar, Bearish Bias Ahead?
Price Action Analysis on Aussie Dollar
On the H4 Timeframe, AUDUSD retested the EMA200 and Continued its Downside Movement. The Breakout of the Rising Wedge Pattern Confirmed a possible downside movement in the future. The momentum indicator also made a bearish divergence, signifying a potentially bearish scenario.
Fundamental Drives
- The Fed Potentially Rise another 25 Basis Points to Fight Inflation.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDUSD"
On the H4 Timeframe, AUDUSD retested the EMA200 and Continued its Downside Movement. The Breakout of the Rising Wedge Pattern Confirmed a possible downside movement in the future. The momentum indicator also made a bearish divergence, signifying a potentially bearish scenario.
Fundamental Drives
- The Fed Potentially Rise another 25 Basis Points to Fight Inflation.
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the AUDUSD"
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